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Elon Musk gets some guidance from a Delaware judge on how to ditch the state

Economic Times

· 4m
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In a recent case involving Tripadvisor, Vice Chancellor Travis Laster ruled that the online travel site can proceed with its plan to move its state of incorporation from Delaware to Nevada. This decision could have implications for Tesla and CEO Elon Musk, who has expressed interest in relocating the company to Texas. The ruling provides insight into how companies with controlling shareholders can move out of Delaware without facing claims from other shareholders. However, legal experts suggest that Musk's advocacy for the move may complicate Tesla's chances of obtaining deference from a Delaware court.

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